Scanwolf Corporation Berhad (“SCB”) recognizes that Corporate Social Responsibility (“CSR”) is a continuing commitment by businesses to behave ethically and contribute to the nation’s economic development while improving the quality of live of the workforce and their families as well as the local community and society at large.

The Board of Directors and the management of SCB fully embrace the initiatives taken by the Government and Bursa Securities Berhad to increase the awareness of CSR among Malaysian companies. The principal approach towards CSR is the integration of business practices with strong ethical value towards achieving the fiscal goals of the Group, while at the same time aligning with the aspirations of society, local community and other stakeholders in general.
SCB is also conscious of the environment we operate in and continuously seek to equip our employees with the tools and skills needed to effectively support the Group. We are also committed to society at large, contributing in meaningful ways to make a difference in the lives of the community.

It is with this appreciation and understanding that SCB presents the CSR statement for the financial year ended March 31, 2009.

Human Resource Development
SCB believes that employees with good knowledge, competent skills and positive attitude are among the cornerstones for the Group’s continuing success. Thus we are always actively creating opportunities for our employees to develop and realize their full potential through formal and informal training opportunities, whether on the job or outside the job. This includes participation in external or internally organized trainings in various job related areas.

Employee performance review is conducted for each employee on an annual basis. The objective of the performance review is to provide a systematic and comprehensive approach in evaluation of employee performance in relation to competencies and agreed deliverables. The outcome of the review is used to establish the employees’ development plan, training needs, career aspirations and appropriate remuneration package.

To achieve better working relationship among colleagues, annual events such as staff annual dinner and short holiday trips are organized to foster better unity and understanding among workforce.

The Board also recognizes the impact of the financial crisis on the lower income group of employees. In its November quarterly meeting, the Board approved the disbursement of a one-off subsidy to this group of lower income employees with school going children for the purchase of books, school uniforms and shoes. The fund was disbursed in December 2008 before the new school term reopens.

Safety And Health
The Occupational Safety and Health policy in SCB is committed to the provision of a safe and healthy working environment for employees in the Group. The Occupational Safety and Health Committee was set up as part of the Group’s plan to ensure a healthy and safe working environment for the employees. The Committee is chaired by an Executive Director and its members include employees from various departments of the Company. The Committee ensures that all initiatives on safety and health implemented by the Group are appropriately adhered to.

Environmental Management
As part of our CSR agenda, we strive to minimize any adverse impact our operation may have on the environment and to achieve continuous improvement with regards to our factory’s environmental performance.

Industrial wastes are properly disposed of by a licensed industrial waste collector on a regular and systematic manner. Recyclable items such as carton boxes, plastic and tin containers and wooden pallets are sold off and the proceeds contributed to staff fund for the benefit of the staff.
In our effort to continuously improve our environmental management, a chemical recycling machine was purchased during this financial year to recycle one of the heavily used chemical. The recycling machine has enabled us to reduce the purchased of the said chemical by more then 50%, thus reducing industrial waste substantially and at the same time enables us to reduce cost. The payback period for the cost of the recycling machine is estimated to be about 10 months.

Community
As a responsible corporate citizen, SCB has, from time to time, made financial contributions and donations to various organizations and schools. SCB places great importance in educating and providing healthy sporting and social activities for the young in our country and as part of its corporate social responsibility, it has contributed financially to schools, colleges, youth bodies and charitable organizations for them to carry out their various programmes.

For this financial year, two (2) schools, a private education fund, local police contingent and a sport association received the Company’s support.

Our Commitment
Scanwolf Corporation Berhad will continue to enhance its commitment towards Corporate Social Responsibility to ensure that all stakeholders will be able to benefit from our existence.